The Energy Conservation Fund (ENCON Fund) was created to provide financial support to the implementaiton of the ENCON Program, by providing financial support to designated factories and buildings for investment in and operations of energy conservation programs.

At the same time, the ENCON Fund can also be used to support other agencies that wish to undertake energy conservation, including activities on renewable energy projects, energy-related research and development, human resource development and training, and public awareness campaigns.

There are three major financial programs under the ENCON Fund which are: main tax incentives, the ESCO fund, and the Energy Efficiency Revolving Fund (EERF).